DRV vs. ERY
DRV (Direxion Daily Real Estate Bear 3x Shares) and ERY (Direxion Daily Energy Bear 2X Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while ERY is a Leveraged Equities fund tracking the Energy Select Sector Index (-300%). Both are passively managed. Over the past 10 years, DRV returned -27.93%/yr vs -34.39%/yr for ERY. Their 0.38 correlation means their historical movements had little consistent relationship. DRV charges 1.08%/yr vs 1.07%/yr for ERY.
Performance
DRV vs. ERY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly higher than ERY's -47.10% return. Over the past 10 years, DRV has outperformed ERY with an annualized return of -27.93%, while ERY has yielded a comparatively lower -34.39% annualized return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
ERY
- 1D
- -1.89%
- 1M
- -20.40%
- 6M
- -30.64%
- YTD
- -47.10%
- 1Y
- -52.55%
- 3Y*
- -24.43%
- 5Y*
- -40.78%
- 10Y*
- -34.39%
- ALL TIME*
- -39.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $11.99M | $13.68M | $21.59M |
DRV vs. ERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
ERY Direxion Daily Energy Bear 2X Shares | -47.10% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
Correlation
The correlation between DRV and ERY is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | 0.38 |
Over the past year, the correlation between DRV and ERY has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRV vs. ERY — Risk / Return Rank
DRV
ERY
DRV vs. ERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Energy Bear 2X Shares (ERY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRV | ERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.79 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.89 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.43 | -0.06 |
Loading charts...
Drawdowns
DRV vs. ERY - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, roughly equal to the maximum ERY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for DRV and ERY.
Loading charts...
Drawdown Indicators
| DRV | ERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -99.99% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -56.88% | +19.35% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -65.95% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -94.04% | +17.91% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -99.66% | +2.06% |
Current DrawdownCurrent decline from peak | -99.99% | -99.99% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -96.93% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 35.41% | -16.95% |
Volatility
DRV vs. ERY - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 13.26% compared to Direxion Daily Energy Bear 2X Shares (ERY) at 12.04%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than ERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DRV | ERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 12.04% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 33.16% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 42.02% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 51.40% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 70.31% | -7.47% |
DRV vs. ERY - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than ERY's 1.07% expense ratio.
Dividends
DRV vs. ERY - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.94%, more than ERY's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
ERY Direxion Daily Energy Bear 2X Shares | 3.49% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% |
Frequently Asked Questions
DRV and ERY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (13.26%) compared to ERY (12.04%). In terms of maximum drawdown, DRV dropped -99.99% vs ERY's -99.99%.
On 10-year performance, DRV leads with -27.93% vs -34.39% for ERY. On fees, ERY is cheaper at 1.07% per year. On volatility, ERY has been the lower-risk option at 12.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DRV has performed better with a -27.93% return vs -34.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ERY is cheaper with a 1.07% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.94%, compared with 3.49% for ERY.
DRV is categorized as REIT, while ERY is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while ERY tracks Energy Select Sector Index (-300%). Their fees differ too: 1.08% for DRV and 1.07% for ERY.
DRV currently has the higher Sharpe Ratio (-0.66 vs -1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DRV and ERY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer